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The Hydropothecary Corporation

03:23 PM EST - The Hydropothecary Corporation : Has entered into a revised agreement with Canaccord Genuity Corp. and a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 60,000 convertible debenture units of the Company at a price of $1,000 per unit for aggregate gross proceeds of $60,000,000. Each Convertible Debenture Unit will consist of $1,000 principal amount of 7.0% senior unsecured convertible debentures of the Company and 227 common share purchase warrants of the Company. The Hydropothecary Corporation
shares V.THCX are trading up $0.03 at $2.23.